So,
The function of population is given by:
[tex]P(t)=125,000(1.11)^{\frac{t}{20}}[/tex]Since t is the number of years after 1995.
If we want to find the population in 2015, we could replace t by 20 in the function:
[tex]\begin{gathered} P(20)=125,000(1.11)^{\frac{20}{20}} \\ P(20)=125,000\cdot1.11 \\ P(20)=138,750 \end{gathered}[/tex]Therefore, the projected population in 2015 is 138,750 people.